Ontario Entrepreneur stream

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Do you want access to the world’s most skilled labor force? Look no further than Ontario. 68% of adults living in Ontario have a post-secondary education, making it the most educated population in the world.

Starting a business here will ensure that your employees come backed with some serious qualifications In Ontario, your business will also enjoy lower business costs compared to other business centers in the U.S. You will pay less corporate tax and your spending will be significantly lower on healthcare and housing.

For this reason, and many others, two of Ontario’s biggest cities, Toronto and Ottawa, rank among the best places to live and work in the world. If you would like to earn Canadian permanent residency by starting, investing, or purchasing a business in Ontario, you will have two options to choose from - the Ontario Corporate Stream and the Ontario Entrepreneur Stream.

The Ontario Entrepreneur Stream is one of the Business Streams of the Ontario Immigrant Nominee Program (OINP), a Provincial Nominee Program (PNP), operated by the province of Ontario. This stream is designed to target experienced business owners or senior business managers who want to live in Ontario. Successful applicants must start a new business or buy an existing business in which they participate in day-to-day management duties.

Investment Requirement

This stream requires a significant net worth and investment on the part of the applicant. The exact amount varies depending on the location of the proposed business and the type of business:

Inside the Greater Toronto Area (GTA) If the proposed business is located within the Greater Toronto Area (GTA) the applicant must have a minimum net worth of at least $800,000 CAD. As well, the applicant must make a minimum personal investment of at least $600,000 CAD and control at least one-third of the equity in the business.

Outside of the Greater Toronto Area (GTA) If the proposed business is located outside of the GTA, the applicant must have a minimum net worth of at least $400,000 CAD and must invest at least $200,000 CAD and control at least one-third of the equity in the business.

In the Information and Communications Technology (ICT)/Digital Communications Sector If the proposed business is in the Information and Communications Technology (ICT)/Digital Communications sector then the applicant must have a net worth of at least $400,000 CAD and must invest at least $200,000 CAD.

Application procedure

The Ontario Entrepreneur stream operates on an Expression of Interest (EOI) system. Candidates who meet the minimum stream requirements can register a profile and submit an EOI by creating a ONe-key account with the OINP e-Filing Portal. Once the profile has been submitted, candidates will be assigned a score and ranked against one another using the Ontario Entrepreneur Ranking system. The highest-ranking candidates will be invited to apply to the stream.

 Candidates who receive an invitation to apply have 90 days to submit all required information and documents, including a business plan and a review of personal net worth. This verification of personal net worth must be completed by a qualified third party. The Ontario Entrepreneur stream charges a $3,500 CAD application fee per applicant.

Note that if an application is complete, the next stage of the application requires the applicant to attend a mandatory in-person interview at the OINP offices in Ontario. Travel and accommodations for this interview are at the applicant’s expense.

If the application is approved, the applicant will have to sign a Performance Agreement with the OINP. After this, the OINP will issue a work permit support letter, enabling the applicant to gain authorization to Canada. Select business categories of immigration allow foreign nationals to apply for temporary work permits allowing them to work in Canada while establishing their business practice. These work permits do not require a Labour Market Impact Assessment (LMIA), meaning they are LMIA-exempt.

 To apply for such a work permit, an applicant must include a work permit support letter issued by the province and submit their applications to Immigration, Refugees, and Citizenship Canada (IRCC). Once arriving in Canada, the applicant has a maximum of 20 months to implement their business plan. Between 18 to 20 months, the applicant must submit a final report to OINP which acts as a request for nomination. If an applicant’s final report is approved by the OINP, they will receive an official provincial nomination. With a provincial nomination in hand, the applicant may apply for Canadian permanent residence. Applicants in this program must complete and submit a paper-based application for permanent residence and submit it by mail to the appropriate application center.

 Paper-based PNP applications for permanent residence are generally processed within 18 months. Ontario Entrepreneur Ranking System The Ontario Entrepreneur stream uses the following points-grid to rank candidates who have submitted EOIs. Only those candidates with the most competitive scores will be invited to apply to the program.

overview of Factors

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Ontario Entrepreneur - Recent Draws & Invitation Letter

Below is the information regarding recent Ontario Entrepreneur stream draws and the historic information about the issuance of invitations to apply. 

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For more information, please contact us.

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